More than 60 doctors from the city – from superspecialists to general physicians – have joined hands to set up a major hospital in the city at a cost of ₹220 crore, including land cost.
Chief Minister N Chandrababu Naidu will inaugurate the hospital christened Pradhama on Wednesday.
P Visweswara Rao, Managing Director, said here on Tuesday that after the bifurcation of the state it was felt by the doctors in the city that the medical facilities needed to be improved.
“It is a cooperative, not a corporate hospital, but it will have all the latest equipment and facilities and the medicare will be on a par with the best hospitals,” he said.
Fees will be reasonable, roughly 50-60 per cent of what the corporate hospitals charge. The below-poverty-line patients will be treated under the Arogyasri insurance scheme, Rao added.
He said the promoters and share-holders had contributed ₹51.09 crore as margin money and ₹122 crore was borrowed from the financial institutions and the rest was land cost.
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